ONEOK Inc (OKE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.63 | 13.18 | 9.20 | 7.10 | 5.61 | |
| Number of days of payables | days | 47.85 | 27.70 | 39.68 | 51.38 | 65.06 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.63
= 47.85
The number of days of payables for Oneok Inc. has fluctuated over the past five years. In 2023, the company took approximately 47.85 days to pay its suppliers, which is higher than the previous year's 27.71 days. This increase suggests that the company may be taking longer to settle its payables, potentially impacting its cash flow position. Despite the recent increase, the number of days of payables in 2023 is still lower than the levels seen in 2020 and 2019, indicating potential improvements in managing supplier payments. Overall, monitoring the trend in the number of days of payables can provide insights into Oneok Inc.'s working capital management efficiency and financial health.
Peer comparison
Dec 31, 2023